Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past two weeks.
• Base metals: Lead prices rose to $1981 per tonne
• Energy metals: Li Carbonate prices dropped 0.8% in the past two weeks
• Precious metals: Gold prices rose 3.5% to $2875 per oz
• Bulk commodities: Iron ore prices rose 1.4% in the past two weeks
Spot Price Snapshot
Key Price Moves
Spot gold rose by 3...

The allure of gold has captivated investors for centuries, and in recent years, the yellow metal has seen a resurgence in popularity. As of October 2024, gold prices have reached record highs, with spot prices surpassing $2,700 per ounce. Analysts predict that gold could continue its upward trajectory, potentially reaching $3,500 by 2025. As a safe-haven asset, gold has been sought after during times of economic uncertainty a...

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On Thursday, gold prices set a new record. With spot gold prices jumping more than 0.4% to a record high of $2,161.19 an ounce, while gold futures expiring in April hit a peak of $2,168.10 an ounce.
But why the rise in gold prices?
Broadly, gold is benefitting from optimism about U.S. monetary policy and investors’ hopes for lower interest rates.
On Wednesday, Federal Reserve Chair Jerome Powell said that interest rates could be cut at some poi...